[GNC] 2 Questions About Debit Cards

[Haim Roman]

I get separate statements for the checking account & debit card.
On the checking account, it just notes that money was transferred to the
debit card.
It's the debit card statement that says to whom I paid.

In addition, sometimes the checking statment notes a *single *transfer to
the debit card that actually corresponds to *multiple *transactions on the
debit card statement.

I live in Israel.  Maybe debit cards work a bit differently in other
countries.
_______________________________________________________________
Howard (Haim) Roman -- haim.roman at gmail.com -- 052-8-592-599 -- חיים רומן
LinkedIn: https://www.linkedin.com/in/haimroman



On Wed, Aug 28, 2019 at 12:28 PM Colin Law <clanlaw at gmail.com> wrote:

> Is your debit card account a separate account at the bank, or is the
> card just a way of taking money out of the chequeing acct?
>
> Colin
>
> On Wed, 28 Aug 2019 at 09:58, Haim Roman <haim.roman at gmail.com> wrote:
> >
> > Hi.  I'm new to GnuCash and to bookkeeping/accounting in general.  I
> have 2
> > questions about debit cards.
> >
> > (1) I made my debit card account a Liability account, as I did with my
> > credit card accounts.  In the GnuCash archives, someone wrote a debit
> card
> > should be an Access account.  Is that correct?
> >
> > (2) I envisioned debit card transactions as single transactions with 3
> > stages:  Checking to Debit Card to Expense (yes, I have different expense
> > accounts).
> > But I'm beginning to think that it should be 2 transactions: [a] Checking
> > to Debit Card, [b]  Debit Card to Expense.
> > The 1st deposits into the debit card account, and the 2nd withdraws from
> > it.
> > Is that correct?
> >
> > Thanks
> > _______________________________________________________________
> > Howard (Haim) Roman -- haim.roman at gmail.com -- 052-8-592-599 -- חיים
> רומן
> > LinkedIn: https://www.linkedin.com/in/haimroman
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > To update your subscription preferences or to unsubscribe:
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > If you are using Nabble or Gmane, please see
> https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>